Conrad John Mandala Sells 924 Shares of Kinaxis (TSE:KXS) Stock

Kinaxis Inc. (TSE:KXS) insider Conrad John Mandala sold 924 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$137.14, for a total value of C$126,717.36. Following the sale, the insider owned 820 shares of the company’s stock, valued at approximately C$112,454.80. The trade was a 52.98% decrease in their position.

Conrad John Mandala also recently made the following trade(s):

• On Monday, May 11th, Conrad John Mandala sold 30,000 shares of Kinaxis stock. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00.

Kinaxis Price Performance

Shares of TSE:KXS opened at C$138.89 on Friday. The business has a 50 day moving average price of C$140.68 and a 200 day moving average price of C$152.73. Kinaxis Inc. has a twelve month low of C$117.22 and a twelve month high of C$212.45. The company has a market cap of C$3.79 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 3.60 and a beta of 0.68. The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15.

Kinaxis (TSE:KXS) last announced its earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%.The firm had revenue of C$230.19 million during the quarter. Research analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on KXS shares. Canaccord Genuity Group decreased their target price on Kinaxis from C$225.00 to C$200.00 in a research note on Friday, March 6th. Scotiabank reduced their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. TD Securities reduced their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Royal Bank Of Canada raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, BMO Capital Markets raised their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$200.75.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.